The UK Crown Dependencies have added to joint guidance issued in December 2018 on the economic substance requirements that are effective for accounting periods commencing on or after January 1, 2019.
The Crown Dependencies of Jersey, Guernsey, and the Isle of Man are consulting on proposals to require companies tax-resident in the islands undertaking specific income-generating activities to demonstrate they have sufficient „substance“ in the islands
The Dubai International Financial Centre, the low-tax financial center in the United Arab Emirates, has upgraded its data protection regime to bring it into line with new requirements being introduced by the European Union.
The Isle of Man Government has issued a consultation document providing further detail on the alignment of the island’s data protection law with the European Union’s General Data Protection Regulation, which comes into force on May 25, 2018.
Gibraltar’s financial services regulator, the Gibraltar Financial Services Commission, has announced its distributed ledger technology regulatory framework is now in force, with effect from January 1, 2018.